ZHEJIANG DINGLI(SH:603338)2015-04-29 16:00Financial Performance - Operating revenue for the period was CNY 94,979,648.16, representing a 13.45% increase year-on-year[6] - Net profit attributable to shareholders was CNY 23,164,757.30, an increase of 11.41% compared to the same period last year[6] - Basic earnings per share rose by 11.63% to CNY 0.48 per share[6] - Total operating revenue for Q1 2015 was CNY 94,979,648.16, an increase of 13.5% compared to CNY 83,720,075.84 in the same period last year[29] - Net profit for Q1 2015 reached CNY 23,164,757.30, up 11.5% from CNY 20,791,614.91 in Q1 2014[29] - Earnings per share for Q1 2015 was CNY 0.48, compared to CNY 0.43 in the same quarter last year, reflecting a growth of 11.6%[30] - The company reported a gross profit margin of approximately 28.4% for Q1 2015, compared to 29.0% in the previous year[29] Asset and Equity Growth - Total assets increased by 88.35% to CNY 934,794,362.29 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 124.94% to CNY 819,414,600.79 compared to the end of the previous year[6] - Total assets as of March 31, 2015, amounted to CNY 938,048,974.46, compared to CNY 499,039,354.42 at the beginning of the year, reflecting a growth of 88.2%[26] - The company's equity increased to CNY 821,260,563.67, up from CNY 366,080,015.51, representing a growth of 124.5%[26] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 13,984,984.70, a decline of 71.49% year-on-year[6] - Cash and cash equivalents increased by 835.96% to ¥379,824,351.58, primarily due to funds raised from the IPO[13] - The company's cash and cash equivalents increased to ¥497,001,957.09 from ¥116,949,109.52, representing a growth of approximately 324%[20] - Total cash and cash equivalents at the end of Q1 2015 amounted to ¥494,296,277.23, significantly up from ¥63,025,768.23 at the end of Q1 2014[36] - The total cash inflow from financing activities was ¥461,850,000.00, indicating strong capital raising efforts during the quarter[36] Shareholder Information - The total number of shareholders reached 13,480 by the end of the reporting period[10] - The largest shareholder, Xu Shugen, holds 51.62% of the shares, totaling 33,550,000 shares[10] - Shareholders are committed to not reducing their holdings for 36 months post-IPO, with specific conditions for any future sales[15] Investment and Project Development - The company invested ¥20,000,000.00 in new projects, doubling the previous investment amount[13] - The project for producing 6,000 large and medium-sized aerial work platforms has seen an investment of ¥153,715,247.35 and is currently in the installation phase[14] - The company plans to start trial production of the new project in May 2015[14] Liabilities and Financial Obligations - Total liabilities decreased to CNY 116,788,410.79 from CNY 132,959,338.91, a reduction of 12.1%[26] - The total liabilities decreased significantly, with accounts payable dropping from ¥59,937,200.79 to ¥48,885,067.98, a decrease of approximately 18.5%[21] - The company is committed to fulfilling its obligations regarding social insurance and housing fund contributions, ensuring compliance with regulatory requirements[17] Regulatory Compliance and Future Plans - The company has committed to avoid any business activities that may compete with its own operations, ensuring compliance with relevant laws and regulations[17] - The company plans to implement a share repurchase plan if the stock price falls below the previous year's audited net asset value per share for 20 consecutive trading days within the first three years post-IPO[16] - The company will announce a specific repurchase plan within 25 trading days after the repurchase obligation is triggered[16]